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The 6 biggest business news stories to watch in Rhode Island in 2025 – The Boston Globe

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The 6 biggest business news stories to watch in Rhode Island in 2025 – The Boston Globe


Here are the biggest business news stories to watch in Rhode Island in 2026.

1. Will Hasbro leave Rhode Island for Boston?

Hasbro Inc. has been teasing Rhode Island’s leaders in mulling a move to Boston, and officials are tossing out all sorts of ideas — tax credits, an annual “Rhode Island Hasbro Day,” special access to airport lounges, subsidies for on-site child care — to see what might keep the century-old toy company anchored in its home state.

State leaders pitched Hasbro earlier this winter on six potential locations in three cities where Hasbro could relocate. But in that same meeting, leaders from Rhode Island Commerce and Governor Dan McKee’s office also pitched a series of incentives for the maker of Monopoly, My Little Pony, and Nerf, according to a report and videos released to the Globe on Monday in response to a public records request.

Hasbro spokespeople maintain that they have “no updates” on any potential relocation, but CEO Chris Cocks told employees in late 2024 that they would hear from the company’s leadership team sometime in the first quarter of 2025 about whether they’d be heading for greener pastures beyond Rhode Island.

Antonio Afonso, McKee’s chief of staff and the state’s “point person” on Hasbro, declined to be interviewed.

The Vanderbilt hotel in Newport, R.I. was once a mansion built in the early 1900s.Auberge Resorts Collection

2. The company buying up Newport restaurants

In Newport, there’s one man who seems to be everywhere: Nicholas S. Schorsch.

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A wealthy entrepreneur and investor, Schorsch has been on roll with his Heritage Restaurant Group since relocating to Newport from New York City 12 years ago, and has amassed a growing portfolio.

In 2024 alone, the group acquired restaurants Caleb & Broad, Flo’s Clam Shack, The Reef, The Red Parrot, The Brick Alley Pub, and many more. In late December, the group also announced it would acquire the historic Vanderbilt hotel, a Georgian Revival mansion. It’s not yet clear what the Heritage group paid for the hotel, but the transaction is expected to close in early 2025.

The group also operates Newport Craft Brewing, La Forge Casino Restaurant, La Costa Lobster Rolls and Tacos, Cluck Truck, Cluck House, A Mano Pizza & Gelato, Wiener Wagon, and Wally’s Wieners. It also owns Newport Lobster Company, one of the largest seafood wholesalers in the area, and runs concessions at Easton’s Beach.

Many of the restaurants Schorsch has acquired were family-run operations where the owners were nearing retirement age. His purchase, some say, was a lifeline so they could step away from their businesses. But critics are concerned about the powerhouse the group is becoming, saying that much control over businesses on Aquidneck Island could raise prices and stifle competition.

3. The expansion of Brown University Health

Rhode Island’s largest health care system, Brown University Health, previously known as Lifespan Corp., acquired St. Anne’s Hospital in Fall River and Morton Hospital in Taunton from bankrupt Steward Health Care for $175 million in 2024. This year, the hospital owner plans to expand in Foxborough, Mass., by bolstering two outpatient clinics it purchased from Steward that could generate $43 million annually by fiscal year 2027. The clinics could be an opportunity, officials told investors in December, to expand cancer care and ambulatory surgery into Massachusetts. They also plan to broaden their specialty physician groups.

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Demolition on the Washington Bridge in Providence, R.I.Jonathan Wiggs/Globe Staff

4. Continued fallout from the Washington Bridge closure

The Washington Bridge westbound on Interstate 195 abruptly closed more than a year ago, leaving drivers scrambling, and a long list of questions about went went wrong. The bridge — meant to last at least two more decades — needs to be demolished and rebuilt. Demolition is expected to take another year, and there is no timeline currently for when a new span will be completed. Chicago-based Walsh Construction Company will compete with a joint venture of American Bridge Company from Pennsylvania and New York-based MLJ Contracting Corp. to build the new bridge.

The state has sued 13 companies who were previously hired by the state to inspect the bridge, or do construction or design work. Several defendants have already pushed back on the suit, calling it a political “blame game.” A judge is expected to consider their motions to dismiss the lawsuit this month.

5. More shakeups at the state Housing Department

On New Year’s Eve, Tara Booker, the executive director of homelessness response for the R.I. Department of Housing, submitted her resignation. In a phone conversation with the Globe, Booker declined to comment as to why she would leave, and said she would remain at her post “through at least Jan. 31, and potentially longer.”

“I have a transition plan,” said Booker. “I don’t really want to comment on anything right now. I’m still working and want a productive transition.”

Booker also declined to comment on any winter shelter plans, which is a program she has overseen at the department since she was hired in March 2024. She is one of several of the department’s high-ranking leaders who have given their notice in the last year. Over the summer, former secretary Stefan I. Pryor resigned. Under his leadership, the department faced internal struggles and incomplete projects, and was circumventing procurement rules that may have cost taxpayers tens of thousands of dollars, the Globe reported. In November, after less than a year on the job, deputy housing secretary Deborah Flannery resigned.

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Leaders in the General Assembly, including Senate President Dominick Ruggerio, said they have been “disappointed” in the department’s former leadership. In late November, agency consultant Deborah Goddard was appointed by Governor Dan McKee as the department’s fourth housing secretary since it was created in 2022. Her appointment will need the Senate’s approval.

Like her predecessors, Goddard will face a housing crisis that has been worsening for more than 30 years, developers who may want to build affordable housing but are facing red tape, and inflation.

Work at the “Superman” building in Downtown Providence has been limited.Lane Turner/Globe Staff

6. A funding request from the ‘Superman’ building developer

It’s been two years since the state unveiled plans to redevelop the long-vacant “Superman” building in downtown Providence ― the tallest building in the state ― into apartments with room for commercial space. It was seen as a major win for the McKee administration, but not much has been done since. When asked if the idea of redeveloping 111 Westminster St. from office space into 285 residential units was dead, Senate President Dominick Ruggerio said, “They’re hanging on by their fingernails.”

“They want money,” Ruggerio told the Globe. “The problem is, they never told us how much.”

In August, Providence Mayor Brett Smiley told the Globe that the owner of the Industrial National Bank Building is asking for more than $10 million in additional support to convert the 26-story skyscraper into apartments, but wouldn’t say exactly how much.

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Alexa Gagosz can be reached at alexa.gagosz@globe.com. Follow her @alexagagosz and on Instagram @AlexaGagosz.





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Rhode Island

Revolution Wind developers seek second court order against Trump administration

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Revolution Wind developers seek second court order against Trump administration


Revolution Wind developers are asking a federal judge to bar the Trump administration from suspending work on the already 87% completed offshore wind project off Rhode Island’s coast, arguing the Dec. 22 federal order is a constitutional overreach. If work does not resume by Jan. 12, the project may not meet mandated completion deadlines.



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Rhode Island GOP chairman Joe Powers to step down Jan. 15

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Rhode Island GOP chairman Joe Powers to step down Jan. 15


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Rhode Island Republican Party chairman Joe Powers will resign effective Jan. 15, the party announced on Saturday, Jan. 3.

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“Chairman Powers is stepping down due to the increased demands of his professional workload and an extensive travel schedule that no longer allow him to give the Chairmanship the full attention the position requires,” the party said in a news release. “The role of Chairman demands constant focus, and daily engagement especially moving into an election year, neither of which Chairman Powers can provide at this time.”

Powers a, real estate agent and unsuccessful 2022 candidate for a Cranston Senate seat, was elected to lead the state’s Republican Party in March 2023. He was reelected to a second two-year term in March.

During his tenure, Powers “oversaw meaningful organizational progress, including the successful update of the Party’s ByLaws and the full staffing of Party committees for the first time in over 20 years, establishing a strong and durable foundation heading into the next election cycle,” the GOP news release said.

Powers will remain on the GOP’s state Central Committee as chairman emeritus and will “continue to support Rhode Island Republicans in a smaller capacity,” the release said, thanking him “for his leadership and service.”



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RI Lottery Lucky For Life, Numbers Midday winning numbers for Dec. 28, 2025

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The Rhode Island Lottery offers multiple draw games for those aiming to win big. Here’s a look at Dec. 28, 2025, results for each game:

Winning Lucky For Life numbers from Dec. 28 drawing

12-17-25-34-42, Lucky Ball: 09

Check Lucky For Life payouts and previous drawings here.

Winning Numbers numbers from Dec. 28 drawing

Midday: 5-2-7-6

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Evening: 9-5-9-8

Check Numbers payouts and previous drawings here.

Winning Wild Money numbers from Dec. 28 drawing

01-13-20-24-34, Extra: 16

Check Wild Money payouts and previous drawings here.

Feeling lucky? Explore the latest lottery news & results

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Are you a winner? Here’s how to claim your prize

  • Prizes less than $600 can be claimed at any Rhode Island Lottery Retailer. Prizes of $600 and above must be claimed at Lottery Headquarters, 1425 Pontiac Ave., Cranston, Rhode Island 02920.
  • Mega Millions and Powerball jackpot winners can decide on cash or annuity payment within 60 days after becoming entitled to the prize. The annuitized prize shall be paid in 30 graduated annual installments.
  • Winners of the Lucky for Life top prize of $1,000 a day for life and second prize of $25,000 a year for life can decide to collect the prize for a minimum of 20 years or take a lump sum cash payment.

When are the Rhode Island Lottery drawings held?

  • Powerball: 10:59 p.m. ET on Monday, Wednesday, and Saturday.
  • Mega Millions: 11:00 p.m. ET on Tuesday and Friday.
  • Lucky for Life: 10:30 p.m. ET daily.
  • Numbers (Midday): 1:30 p.m. ET daily.
  • Numbers (Evening): 7:29 p.m. ET daily.
  • Wild Money: 7:29 p.m. ET on Tuesday, Thursday and Saturday.

This results page was generated automatically using information from TinBu and a template written and reviewed by a Rhode Island editor. You can send feedback using this form.



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